Neiman Marcus Inc. said Thursday it plans to pursue an opportunistic credit facility amendment to extend senior secured term loan maturities.
The luxury company has hired Credit Suisse Securities and J.P. Morgan Securities to arrange for the amendment.
Neiman is also seeking an increase in the interest rate payable to holders of the extended term loans, as well as the ability to incur additional debt to refinance the non-extended term loans.
The retailer’s operations include specialty retail stores and its direct-to-consumer business. It also has print catalog operations under the Neiman Marcus, Horchow and Bergdorf Goodman brand names.